La Jolla reports positive top-line results from pivotal trial

27 February 2017

La Jolla Pharmaceutical’s (Nasdaq: LJPC) experimental drug to treat a deadly blood pressure condition met its primary endpoint in a pivotal trial, the company announced today.

The Californian biopharmaceutical company is developing LJPC-501 (angiotensin II) to treat patients with catecholamine resistant hypotension, and this positive news sent the firm's shares skyrocketing 80.5% to $35.96 by late afternoon.

La Jolla said that the drug had achieved the study’s main goal of increasing blood pressure three hours after starting on the drug. In addition, a trend towards longer survival was observed, a 22% reduction in mortality risk through to day 28.

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